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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value, Assets And Liabilities Measured On Recurring Basis
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
 
June 30, 2020
December 31, 2019
 
Total

 
Level 1

 
Level 2

 
Total

 
Level 1

 
Level 2

Assets
 
 
 
 
 
 
 
 
 
 
 
Money market funds

$8,877

 

$8,877

 
 
 

$2,562

 

$2,562

 
 
Available-for-sale debt investments:


 
 
 
 
 
 
 
 
 
 
Commercial paper
93

 
 
 

$93

 
108

 
 
 

$108

Corporate notes
321

 
 
 
321

 
242

 
 
 
242

U.S. government agencies


 


 
 
 
55

 
55

 
 
Other equity investments
40

 
40

 
 
 
33

 
33

 
 
Derivatives
2

 
 
 
2

 
14

 
 
 
14

Total assets

$9,333

 

$8,917

 

$416



$3,014

 

$2,650

 

$364

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives

($301
)
 
 
 

($301
)
 

($118
)
 
 
 

($118
)
Total liabilities

($301
)
 

 

($301
)
 

($118
)
 

 

($118
)
Fair Value, Assets Measured On Nonrecurring Basis Using Unobservable Inputs measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). The following table presents the nonrecurring losses recognized for the six months ended June 30 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
  
2020
 
2019
 
Fair
Value

 
Total
Losses

 
Fair
Value

 
Total
Losses

Customer financing assets

$71

 

($17
)
 

$10

 

($1
)
Investments
64

 
(49
)
 
72

 
(51
)
Property, plant and equipment
82

 
(59
)
 
41

 
(1
)
Other Assets and Acquired intangible assets
201

 
(155
)
 
3

 
(17
)
Total

$418

 

($280
)
 

$126

 

($70
)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques
For Level 3 assets that were measured at fair value on a nonrecurring basis during the year ended June 30, 2020, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.
 
Fair
Value
 
Valuation
Technique(s)
 
Unobservable Input
 
Range
Median or Average
Customer financing assets
$71
 
Market approach
 
Aircraft value publications
 
$57 - $118(1)
Median $79
 
 
Aircraft condition adjustments
 
($8) - $0(2)
Net ($8)
(1) 
The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.
(2) 
The negative amount represents the sum, for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.
Fair Values And Related Carrying Values Of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
 
June 30, 2020
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net

$433


$429

 

$429

 
Liabilities
 
 
 
 
 
Debt, excluding commercial paper and capital lease obligations
(58,788
)
(61,367
)
 
(61,350
)

($17
)
 
December 31, 2019
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net

$443


$444

 

$444

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations and commercial paper
(20,964
)
(23,119
)
 
(23,081
)

($38
)